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Regional Disparities, Influencing Factors, and High-Level
Strategy of China’s Equipment Manufacturing Industry
ZHAO Zijian, FU Jiaping
2020, 29 (1):
21-30.
doi: 10.3969/j.issn.1005-2542.2020.01.003
This paper discussed the regional disparities,
influencing factors, and high-level strategy of China’s equipment manufacturing
industry based on the total factor productivity (TFP). The OP and LP methods
were used to measure the regional TFP values, of which the OP method appeared
to have a better applicability. The result showed that there existed regional
disparities and the TFP of enterprises in the eastern region was the highest
while that in the western region was the lowest, which was consistent with the social
and economic conditions. Besides, the highest TFP growth rate in the West and
the lowest in the East indicated that the TFP began to show convergence. Two methods
were adopted in provincial classification. One was to classify according to the
location, and the other was to classify by conducting cluster analysis using
the TFP value as the independent variable. The random effect model was adopted
to estimate the coefficients of influencing factors of two different
classifications, and the cluster classification proved to be more reasonable. The
regression analysis of influencing factors showed that TFP has a positive
relationship with enterprise scale, research and development expenses, employee
education expenses, subsidy income and export, and a negative relationship with
the proportion of state-owned assets, but there are large regional differences.
Based on the above empirical results, this paper discussed the development path
of China’s high-level equipment manufacturing industry and the policy design at
national and regional levels in detail.
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